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Iofina on track for record year of production as construction of IO#8 advances

Iofina PLC's (LON:IOF) Tom Becker tells Proactive London's Andrew Scott they're on track to deliver record iodine output for the year after its plants processed 167.2 metric tonnes of the crystalline product in the third quarter.

Iofina has four IOsorb operations in Oklahoma, which extract the element from brine water pumped to surface during oil production.

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Price: 17.125 GBX

LSE:IOF
Market: LSE
Market Cap: £32.86 m
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Morning Report: Iofina expecting record year-end production

Headlines from the Proactive UK newsroom. Iofina (LON:IOF) expects the iodine price will continue to rise in 2020 after a 20% rise in 2019. Production of iodine over the year will also likely be a record said the extraction specialist with a fifth plant expected to come onstream in Oklahoma...

on 20/12/19

2 min read